All posts tagged: best stock screeners for Indian stocks

There are over 5,500 companies listed on Indian stock market. While investigating for good companies to invest, if you start reading the financials of each and every single stock, then it might take years.

Moreover, it doesn’t make sense to read the balance sheet, profit & loss statements or cash-flow statements of all the listed companies, if you can filter them out based on just a few preliminary filters like debt or growth rate.

And that why stock screeners can be a very useful tool for the investors (and traders) to reduce lots of hassle.

In this post, we are going to discuss 3 best stock screeners that every Indian stock investors should know.

What is a Stock Screener?

A stock screener is a tool to shortlist few companies from a pool of all the listed companies on a stock exchange using filters. The investors specify the filters and the stock screener gives the results accordingly.

For example, if you want to find a list of companies whose

Market capitalization is greater than 10,000 Cr

Price to earnings is between 10 to 25.

Last 3 years average return on equity is 20%

And debt to equity ratio is less than 1

Then, you can apply all these filters in a stock screener to get the list of the companies which fulfills the above criteria.

Stock screeners are very useful as it can save you a lot of time. You do not need to go through all the listed companies to shortlist few good ones. You can just apply the basic filter to get the list of few good ones that you want to investigate further.

Overall, the stock screener will help you to find good performing stocks according to your specifications with a single click.

Here is the list of the 3 best stock screeners for Indian stocks that every Indian investor should know. Further, please read this post until the end, as there is a bonus in the last section.

3 Best Stock Screener That You Should Know

Here is the list of the 3 best stock screeners for Indian stocks that you should know and bookmark on your browser:

1. Screener

The screener is a very simple yet powerful website for stock screening. The query builder of Screener allows the user to apply a number of filters to shortlist stocks based on PE ratio, market capitalization, book value, ROE, profit, sales etc.

The results of the stock screener can be customised and moreover, the screen can be saved for the future use.

2. Investing

Investing is also a very powerful website for stock screening. You can find the list of all the companies trading on NSE and BSE here.

There are a number of filters available on INVESTING for screening the stocks like ratios, price, volume & volatility, fundamentals, dividends and technical indicators. Moreover, it’s a very useful site if you follow the top-down approach.

You can select the industry which you want to research about and then apply a number of filters like PE, P/Book value, ROCE etc for shortlisting the best stock in that industry.

For example, if you are studying the chemical industry, then simply select this industry option. You will get the list of the companies in this industry. Next, you can apply different filters for screening the best one, according to your preference.

I have explained in details how to use ‘INVESTING.COM’ and ‘SCREENER.IN’ for effective stock screening on my online video course- HOW TO PICK WINNING STOCKS? Feel free to check it out. The course is currently available at a discount.

3. Edelweiss

Edelweiss is another simple stock screener which has lot more criteria to filter companies based on valuation, market performance, shareholding pattern, management effectiveness etc and to apply these filters on the same tab to find specific stocks.

The filters are easy to use and the results are customised & downloadable.

Bonus: Few other useful stock screeners

As always, I never end a post without some bonuses. Here is the list of few other useful stock screeners that you should also know.

That’s all. I hope that this list of the best stock screeners for Indian stocks is useful to you.

If I missed the name of any other useful stock screener that deserves to be on this list, feel free to comment below. I’ll add them to the bonus section above so that the readers can get more benefits.

Hi, I am Kritesh, an NSE Certified Equity Fundamental Analyst and an electrical engineer (NIT Warangal) by qualification. I have a passion for stocks and have spent my last 4+ years learning, investing and educating people about stock market investing. And so, I am delighted to share my learnings with you. #HappyInvesting